NGX: UPDC. RT Briscoe lead gainers as investors make N600bn

Investors in the Nigerian equities market gained N600 billion at the close of trading on Wednesday.

This followed a surge in the share prices of stocks such as UPDC Reit, Intenegins and RT Briscoe, among others on the trading floor.

The benchmark All-Share Index (ASI) rose to 201,703.55 points from the 201,287.78 points recorded the previous day.

After five hours of trading on the capital market, equity capitalisation dropped to N129.8 trillion from N129.2 trillion posted by the bourse on Tuesday.

The market breadth was positive, with 50 stocks advancing, 20 declining, and 78 remaining unchanged in 52,641 deals.

A total of 815,478,185 shares were traded, valued at N33.2 billion.

UPD Creit, Intenegins and RT Briscoe led the gainers’ chart, with 10%, 9.91% and 8.81% growth each in share prices, respectively, to close at N7.70, N3.55, and N10.50 per share, up from N7.00, N3.23, and N9.65 per share.

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Omatek, Nestle and FTN Cocoa led other price decliners with a 10%, 10% and 9.97% dip each in price to close at N1.98, N3,055.50, and N5.33 per share, down from the previous N2.20, N3,395.95, and N5.92 per share.

On the volume index, Wema Bank led trading with 77 million shares in 652 deals, followed by GTCO, which traded 73 million shares in 4,223 deals.

Access Holding traded 62 million shares in 1,843 deals.

On the value index, GTCO traded stocks valued at N8.9 billion in 4, 223 deals, followed by Zenith Bank, which traded equities worth N5.1 billion in 3,308 deals.

First Holdco traded shares valued at N2.9 billion in 479 deals.

Babajide Okeowo

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